Copper Prices Post Biggest Decline In More Than Two Years

Copper prices recorded their biggest drop in more than two years Friday, after a Chinese company's bond default highlighted concerns about slowing growth in the world's biggest consumer of the industrial metal.

Copper for May delivery, the most actively traded contract, fell 4.2% to trade at $3.0825 a pound on the Comex division of the New York Mercantile Exchange. It was the lowest closing price since July and the biggest one-day...